Coinbase Global (NASDAQ:COIN) Cut to “Neutral” at Monness Crespi & Hardt

Monness Crespi & Hardt lowered shares of Coinbase Global (NASDAQ:COIN) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm currently has $120.00 target price on the cryptocurrency exchange’s stock.

Several other brokerages have also issued reports on COIN. B. Riley Financial increased their price target on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Barclays decreased their target price on shares of Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Cantor Fitzgerald dropped their price target on Coinbase Global from $277.00 to $221.00 and set an “overweight” rating on the stock in a research report on Monday, February 9th. China Renaissance reduced their price objective on Coinbase Global from $479.30 to $301.50 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Finally, Argus reissued a “hold” rating on shares of Coinbase Global in a report on Tuesday, November 25th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Coinbase Global presently has an average rating of “Moderate Buy” and an average target price of $291.85.

Coinbase Global Trading Up 16.5%

COIN opened at $164.32 on Thursday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. Coinbase Global has a 52 week low of $139.36 and a 52 week high of $444.64. The stock has a market cap of $44.31 billion, a PE ratio of 37.43 and a beta of 3.70. The business has a 50 day moving average of $224.49 and a 200-day moving average of $284.20.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 9.01% and a net margin of 17.55%.Coinbase Global’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.68 EPS. Equities research analysts predict that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Coinbase Global

In related news, insider Lawrence J. Brock sold 5,902 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $250.58, for a total transaction of $1,478,923.16. Following the transaction, the insider owned 497 shares in the company, valued at $124,538.26. This represents a 92.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $271.87, for a total transaction of $10,874,800.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 672,498 shares of company stock worth $137,109,701 over the last quarter. 16.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coinbase Global

A number of institutional investors and hedge funds have recently modified their holdings of COIN. REAP Financial Group LLC bought a new position in Coinbase Global in the third quarter valued at about $25,000. Evelyn Partners Investment Management Europe Ltd increased its position in shares of Coinbase Global by 92.3% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after purchasing an additional 36 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of Coinbase Global in the 3rd quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Coinbase Global in the second quarter worth approximately $30,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after buying an additional 88 shares during the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Short‑term buying momentum: traders are buying the post‑earnings drop and the stock has bounced off prior support levels, leading to a sharp intraday rebound even after the Q4 miss. Read More.
• Positive Sentiment: Operational and product positives: Coinbase highlights doubling crypto trading market share in 2025, subscription strength and new initiatives (Agentic/AI wallets) that diversify revenue and address longer‑term growth. Read More.
• Neutral Sentiment: Analyst reaction is mixed: many firms cut price targets and trimmed estimates (wide dispersion of PTs), leaving both upside and downside scenarios for investors to weigh. Read More.
• Neutral Sentiment: Short‑interest data in some feeds shows 0 shares (days‑to‑cover 0.0) — the reporting appears unreliable and provides no clear short‑squeeze signal.
• Negative Sentiment: Q4 miss and first quarterly loss in two years: Coinbase reported a $667M net loss, revenue down ~21% Y/Y and EPS below estimates — the core trading business remains sensitive to crypto price moves. Read More.
• Negative Sentiment: Insider selling raises governance/sentiment concerns: reporting shows large stock sales by CEO Brian Armstrong (reported ~$550M) and a CFO sale (~$56M), which can weigh on investor confidence. Read More. Read More.
• Negative Sentiment: Operational hiccup: a brief platform outage affected buy/sell/transfer functionality around the earnings release, spotlighting execution risk. Read More.

Coinbase Global Company Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.